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Mirar Residences is one of first residential offerings at centrally located development construction of the project has commenced; delivery in Q4 2010.

Continuing its growing presence in prominent master planned communities in Dubai, Deyaar, the region's fastest growing real estate company, today announced the launch of Mirar Residences, a three-tower residential project at Dubai Biotechnology and Research Park, (DuBiotech), the 22-million square foot biotechnology park located at the heart of New Dubai and a member of TECOM Investments.

Strategically positioned within minutes of Sheikh Zayed Road, the world's largest upcoming airport in Jebel Ali, Dubai Media City, Dubai Internet City and Dubailand, Deyaar's latest residential offering consists of three 19-storey towers scheduled for delivery in the fourth quarter of 2010, with construction already underway. Conveniently located off Umm Suqeim Road, residents of Mirar Residences will enjoy easy access to the emirate's major gateways, Sheikh Zayed Road, Emirates Road and Al Khail Road.

"Fresh from the success of our recent Oakwood Residency project in International Media Production Zone, which sold out within a day of its launch, we expect to experience another swift sell out with this new offering", said Saeed Al Qatami, Deyaar's Managing Director - UAE Business.

"At Deyaar, we have consistently been at the forefront of new high-potential master developments. Mirar Residences is one of the first residential offerings in the centrally located DuBiotech Park. Our customers will again reap the rewards of Deyaar's strategic foresight and expertise by becoming one of the first proud homeowners in this high-potential master development."

The company's latest offering, Mirar Residences, offers 414 one-, two- and three-bedroom apartments, some of which offer maid's accommodation. Set amidst a state-of-the-art residential hub within Dubiotech, Mirar Residences will comprise luxurious recreational facilities, including rooftop swimming pools, modern gymnasiums, ample parking space and high-speed internet connectivity.

Located in close proximity to 5-star hotels, a number of shopping malls and key business hubs such as JAFZA, Dubai Media City and Dubai Internet City, the project will also be conveniently served by the second stage of the Dubai Metro.

"Deyaar has a track record of setting quality and value standards in all its ventures, and Mirar Residences will be no different. Deyaar is committed to growing its presence across Dubai's master planned communities, while maintaining the high levels of customer service and product excellence that has seen all its projects prove hugely attractive to both investors and end-users," Al Qatami said.

DuBiotech is a master development dedicated to creating an advanced technical and community infrastructure to accelerate the growth of the life sciences industry in the region. Located close to Dubailand, the free zone hosts state-of-the-art laboratories, as well as manufacturing units, core research facilities, and premium residential and office spaces.

Dr. Amina Alrustamani, Chief Executive Officer, TECOM Business Parks, said: "As a premier biotechnology park, DuBiotech is committed to building a city where professionals, individuals and families thrive as a community that is dedicated to the relentless pursuit of knowledge. We are delighted Deyaar has chosen to participate in the growth story of DuBiotech, which has already evolved as a hot spot for leading global brands from niche sectors."

Buyers at Mirar Residences can avail of financing from a range of home finance providers, including Abu Dhabi Commercial Bank,, Amlak Finance, Dubai Islamic Bank, RAK Bank and Tamweel.

With the launch of Mirar Residences, Deyaar continues to comply with all best practices pertaining to the real estate industry, being one of the first developers to follow the escrow account law and registration with the Land Department, Deyaar's projects which enjoy high demand in the secondary market, span prominent locations in Dubai, including Jumeirah Lakes Towers, Dubai Marina, Downtown Jebel Ali and Business Bay, where Deyaar is one of the largest developers.

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About Deyaar

Deyaar Development PJSC is one of the fastest growing real estate companies in the region. Headquartered in Dubai, the company has grown significantly to evolve into a complete one-stop real estate solutions provider.

Today, Deyaar is one of the most prominent brands in the regional real estate sector, with interests in development, property and facilities management, in addition to offering a range of services such as brokerage, marketing and sales. Deyaar's strategic solutions and deep market insights have helped create exceptional value for its investors. The company currently manages over 16,000 commercial and residential properties.

Deyaar is set to continue to play a pivotal role in the ongoing development of the region's property landscape. The company complies with the Escrow Legislation and all relevant laws in the UAE. Deyaar is registered with the Real Estate Regulatory Authority under reference number 15/07.

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